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Wolves boss Mick McCarthy still hopes to lure the Republic of Ireland U-21 striker to Molineux.
Keogh is out of contract in the summer, and although United will be entitled to a transfer fee as he is under 24.
This leads to a dlimena for Iron chairman Steve Wharton - take the money now and risk unsettling the first-team's promotion challenge, or wait until the summer and risk losing him for a reduced fee.
Since news of Wolves' bid was revealed, we have been asking Iron-Bru.net users whether the club should cash in now.
And it appears fans are split - 55.6 per cent said we shouldn't, but 44.4 per cent reckon the time is right to sell.
Keogh scored an impressive goal in Saturday's 2-2 draw at Doncaster, and Adkins reckons Keogh is coping with the uncertainty well.
"He respects his team-mates and wants to be the best he can for them," he told the Scunthorpe Telegraph.
"But likewise he wants to do the best for himself - and there isn't an issue with that.
"We want Andy to stay at Scunthorpe United until the end of the season because we want him, Billy Sharp and the others, to lead us to promotion."